Sawgrass Country Club Inc

“The club is a private member-owned club that is owned and operated for the pleasure and recreation of its members.”

“The following membership categories have voting privileges: all country club members are eligible to vote in all club matters that require a vote per the club by-laws, including the election of the board of governors. The president is elected by the board of governors.”

“The following requires the approval of members eligible to vote: placement of a mortgage on the real property of the club, a decrease in the purchase price of a country club membership, the approval of a capital assessment over $1,000,000 per fiscal year, the approval of an operating assessment over $250,000 per fiscal year, a change in the amount the club will pay a resigned founder country club member, and materially adverse by-law and articles of incorporation changes.”

“The organization does not believe it is effective nor efficient for the entire governing board to review form 990 before filing. Thus, the governing board delegates the review of form 990 and the related schedules to the cfo and a member of the finance & audit committee who has tax experience. The cfo and the member from the finance & audit committee review form 990 with their outside cpa preparers prior to the filing of the form.”

“The organization monitors compliance with the conflict of interest policy by requiring an officer of the board of governors to annually sign a statement disclosing their compliance with the policy and any conflicts that they may be involved in.”

“The general manager's potential pay increase is determined by the executive committee of the board of governors. The other key employee salary increases are determined by the gm and then presented to the compensation committee for their review and concurrence. Club salary surveys are used to determine whether increases are warranted.”

“The club provides copies of form 990 and form 1024 upon request and a third party's website.”

“The club makes its governing documents available on the club website, for inspection at the club, and upon request. The club makes its conflict of interest policy and financial statements available for inspection at the club, and upon request.”

“Sale of memberships 3,717,721. Redemption of membership for sale & resale -972,762. Master plan assessment 1,519,753. Membership dues - capital 839,203. Facility capital funding fee - asoociate and junior members 76,760.”

“No change from prior year.”